i would rather they be a little bit more optimistic and realistic with their FY16 guidance. We all know it is well understated but a more positive guidance would keep the shorters away. It will also give a nicer steadier SP increase rather than the spike we will see when they come back to the market with a revised guidance. Also consumers won't worry about the profit increase, it can all be explained away as increased sales to high margin customers overseas.
BAL Price at posting:
$12.10 Sentiment: Buy Disclosure: Held